Parag Milk Foods to invest ₹100 Cr to quadruple paneer capacity to 80 MT/day by June 2027
Parag Milk Foods plans to invest ₹100 crore to expand its paneer manufacturing capacity from 20 MT/day to 80 MT/day. The expansion is expected to be commissioned by June 2027. This move aims to capitalize on the growing demand for branded paneer in India.
A four-fold increase in capacity and a substantial investment of ₹100 crore are material events that are expected to significantly impact the company's market position and financial performance.
The company is significantly increasing its manufacturing capacity in a growing market segment, indicating a positive outlook and strategic expansion.
Parag Milk Foods Limited announced plans to expand its paneer manufacturing capacity by approximately 60 MT per day, taking the total capacity from 20 MT per day to 80 MT per day. This expansion will be achieved through brownfield and greenfield initiatives, involving an investment of approximately ₹100 crore.
The company aims to commission the expanded facilities, which will produce both regular and high-protein paneer, by June 2027. The investment is part of Parag Milk Foods' strategy to scale up high-growth value-added categories, strengthen its flagship brands, and cater to the growing demand for branded and packaged dairy products in India. The company highlighted that paneer is a flagship category for them, growing at 28% over the last two years.
Rahul Kumar Srivastava, COO of Parag Milk Foods Limited, stated that this scale-up will enable broader pan-India distribution and enhance their position in value-added dairy through innovation, scale, and wider consumer access. The Indian paneer market is projected to grow significantly, driven by increasing demand for protein-rich foods and a preference for organized players.
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Parag Milk Foods Limited filed this with the NSE as a statutory disclosure, categorised under business responsibility and sustainability report (brsr). It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Parag Milk Foods Limited. Read the original for the full detail.